Broadsoft, Inc. (BSFT) Files Form 4 Insider Selling : Taher G. Behbehani Sells 1,955 Shares

Broadsoft, Inc. (BSFT): Taher G. Behbehani , Chief Marketing Officer of Broadsoft, Inc. sold 1,955 shares on May 6, 2016. The Insider selling transaction was reported by the company on May 10, 2016 to the Securities and Exchange Commission. The shares were sold at $39.14 per share for a total value of $76,518.70 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Apr 22, 2016, Taher G. Behbehani (Chief Marketing Officer) sold 2,382 shares at $40.74 per share price.On Apr 20, 2016, Michael Tessler (President & CEO) sold 9,718 shares at $40.21 per share price.Also, On Apr 12, 2016, John D. Jr. Markley (director) sold 2,000 shares at $40.79 per share price.On Nov 17, 2015, James Albert Tholen (Chief Financial Officer) sold 9,647 shares at $38.21 per share price.

BroadSoft Inc: On Friday, May 6, 2016 heightened volatility was witnessed in BroadSoft Inc which led to swings in the share price. The shares opened for trading at $37.97 and hit $39.3 on the upside , eventually ending the session at $39.2, with a gain of 2.00% or 0.77 points. The heightened volatility saw the trading volume jump to 3,53,001 shares. The 52-week high of the share price is $42.06 and the company has a market cap of $1,149 M . The 52-week low of the share price is at $26.99.

BroadSoft Inc Money Flow Index Chart

Company has been under the radar of several Street Analysts.BroadSoft Inc is Reiterated by Dougherty & Company to Buy and the brokerage firm has raised the Price Target to $ 47 from a previous price target of $45 .The Rating was issued on Apr 29, 2016.BroadSoft Inc is Reiterated by Needham to Buy and the brokerage firm has raised the Price Target to $ 48 from a previous price target of $42 .The Rating was issued on Mar 1, 2016.

BroadSoft Inc. is a provider of software and services that enable mobile fixed-line and cable service providers to deliver hosted cloud-based unified communications (UC) over their internet protocol (IP)- -based networks. The Company offers service providers two deployment options software and software-as-a-service (SaaS). Hosted UC enables the delivery of PBX features without the need for premise-based equipment. BroadWorks is the Company’s application server software offering. The Company’s second deployment option is BroadCloud SaaS offering. UC-One is a communications and collaboration offering that enables mobile fixed-line cable and converged service providers to offer businesses and other enterprises UC features and functionalities on a hosted basis. The key elements of the Company’s technology include SIP Call control Geographic redundancy Common OAMP platform Media resource framework Client technology IMS and VoLTE and Network Function Virtualization.

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